Internet IPOs Show Impressive Strength in Third Quarter of 1999

Internet IPOs Show Impressive Strength in Third Quarter of 1999

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Initial public offerings by Internet-related companies showed impressive strength in the third quarter of 1999, despite overall market choppiness, a mid-summer lull and substantial declines in market valuations of large-cap Internet stocks.

In the third quarter of 1999, there were 98 Internet-company IPOs raising $7.239 billion, compared to 10 Internet-company IPOs raising $562 million in the third quarter of 1998. Year to date, 208 Internet-company IPOs have raised $16.688 billion.

IPOs by Internet-related companies represented 64% of the total number of IPOs and 39% of the total dollar volume of all IPOs in the third quarter of 1999. Year to date, IPOs by Internet-related companies represent 55% of the total number of IPOs and 34% of the total dollar volume of all IPOs.

Hale and Dorr's Internet and E-commerce Law Group has just published its review of Internet company IPOs in the third quarter of 1999. The review includes discussions of:

The number and nature of Internet companies going public, including monthly fluctuations

The new metrics of Internet-company IPO valuations

Winners and losers in the aftermarket

Regional differences in Internet-company IPOs

The leading managing underwriters and law firms on Internet-company IPOs

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